EUR/USD extends gains after the soft US inflation data but the focus remains on US-Iran crisis
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
BNP Paribas | Bearish | 1.1500 |
UBS | Bullish | 1.1800 |
UOB | Bullish | 1.1800 |
All 30 desk targets for EUR/USD
From the original
FUNDAMENTAL OVERVIEW USD: The US dollar weakened across the board in the past couple of days following the surprisingly soft US inflation figures. The data triggered a dovish repricing in interest rate expectations with traders scaling back significantly the probabilities for a r
Related speeches
4 itemsEUR/USD extends the consolidation amid widely expected ECB hikes, US-Iran stalemate
Lead — The EUR/USD pair remains in a consolidation phase as traders await clearer signals from both the ECB and the Federal Reserve. Per the full note from Giuseppe Dellamotta, the US dollar has strengthened slightly amid geopolitical tensions and higher-than-expected inflation data, while the euro faces pressure despite anticipated ECB rate hikes. The market is pricing in an 87% probability of a June rate hike from the ECB, but the desk sees limited room for the euro to rally based solely on interest rate expectations. Upcoming US Retail Sales and Jobless Claims data will be crucial in shaping market sentiment.
USD/JPY extends the consolidation near cycle highs amid US-Iran crisis, stealth interventions risks
More like this
5 itemsUSDJPY tests the 61.8% retracement as buyers and sellers battle for control
The Indian Rupee's slide pauses ahead of the UN General Assembly as hopes for de-escalation grow
USD/JPY intervention risk grows as Japan holiday leaves yen exposed in thin liquidity
Market outlook for the week of 21st-25th September